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Moreover, the central banks' actions also boosted speculations that economies around the world are slowing and will further dampen wholesale coach handbagsdemand for oil.
 
The Kremlin press service said that Medvedev has ordered the government to render humanitarian aid to people affected by the ongoing conflict between Georgia and South Ossetia. A mobile hospital will leave Moscow for North Ossetia, and an Il-76 aircraft will deliver medical equipment as well as doctors, psychologists and rescuers.
 
"The reconstruction work after the cheap coach handbagsearthquake and the snowstorm requires huge capital input and it becomes a stimulant to bolster investment growth," said Li Maoyu, of Changjiang Securities.   The central government plans to transfer 70 billion yuan to fund reconstruction work in Sichuan over the next three years.

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